Japan Prospects and Impacts

This is a great buying opportunity in Japan,says Robert Masetti of French financial titan BNP Paribas.The crisis will take down Japan's GDP by 1.2% this year.In 2012,we will see a 1.2% bump in GDP.We could see their inflation go to 1-2%.
We're not trying to pick a bottom.This will pass.It will play out.Look at the positives:an end to deflation;a recapitalisation.It would be surprising to us to see a big drop of the Japanese market from these levels.
Japan remains attractive.We're positive about the medium to long term outlook for Japan.This is yet another buying opportunity along the path of an improving Japan,according to Mr.Masetti.
Short term,the Japan crisis is having an industrial impact worldwide.GM is shutting a plant in Indiana because of a lack of parts from Japan.Almost all U.S. vehicles have Japanese components.One fifth of chips are Japanese.These chips are in household appliances from refrigerators to stoves,as well as a number of consumer electronic goods.
iShares Japan Index Fund(EWJ)